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IBIS Corporation has had dividends grow from $2.50 per share to $6.00 per share over the last 10 years (the $5.00 per share dividend was

IBIS Corporation has had dividends grow from $2.50 per share to $6.00 per share over the last 10

years (the $5.00 per share dividend was paid yesterday; that is, D0 = $6.00). This compounded annual

growth rate in dividends is expected to continue into the future forever. If the current market price of

IBIS

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